"James Hamilton, an economics professor at the University of California, San Diego, just published his best estimate of the federal government’s 'off-balance-sheet' liabilities, in which he concludes that the real national debt, popularly estimated to be $16.9 trillion, is in fact more than four times larger: $70.086 trillion. This is because of decisions to leave out certain unfunded liabilities when the national debt is counted."
"Sarah Palin says America will evntually default on its debt and claims that the federal government is "stockpiling bullets in case of civil unrest" - Sarah Palin: "The Feds are Stockpiling Bullets to Use Against Us"
Recommended reading:
Mark Levin: Amend Constitution to Put Tax Day and Election Day Back to Back
If Your Outgo Exceeds Your Income, Your Upkeep will Be Your Downfall
Nancy Pelosi: I'm All for Balancing the Budget...in a Few Decades!"
The $17 Trillion Dollar Party
Explaining the Obama Economy to 6th Graders
